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To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider the following example set of responses to the question, "Who is better at getting deals? Husband Wife Respondent Husband Wife Round your answers to four decimal places, if necessary. a. Develop a joint probability table and use it to answer the following questions. Respondent My spouse We are equal I am I Am 278 290 Who Is Better? My Spouse 127 111 We Are Equal 102 102 Total Total b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment. The probability of "I Am" The probability of "My Spouse" The probability of "We Are Equal" Select your answer is over twice as likely as either Select your answer - c. Given that the respondent is a husband, what is the probability that he feels he is better at getting deals than his wife? What is the probability that the response came from a wife? d. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband? e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband?

To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider the following example set of responses to the question, "Who is better at getting deals? Husband Wife Respondent Husband Wife Round your answers to four decimal places, if necessary. a. Develop a joint probability table and use it to answer the following questions. Respondent My spouse We are equal I am I Am 278 290 Who Is Better? My Spouse 127 111 We Are Equal 102 102 Total Total b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment. The probability of "I Am" The probability of "My Spouse" The probability of "We Are Equal" Select your answer is over twice as likely as either Select your answer - c. Given that the respondent is a husband, what is the probability that he feels he is better at getting deals than his wife? What is the probability that the response came from a wife? d. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband? e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider the following example set of responses to the question, "Who is better at getting deals?" Husband Wife Respondent Husband Wife Round your answers to four decimal places, if necessary. a. Develop a joint probability table and use it to answer the following questions. Respondent My spouse We are equal I am I Am 278 290 Who Is Better? My Spouse 127 111 We Are Equal 102 102 Total Total b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment. The probability of "I Am" The probability of "My Spouse" The probability of "We Are Equal" - Select your answer - ✓is over twice as likely as either Select your answer - c. Given that the respondent is a husband, what is the probability that he feels he is better at getting deals than his wife? What is the probability that the response came from a wife? d. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband? e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband?
Transcribed Image Text:To better understand how husbands and wives feel about their finances, Money Magazine conducted a national poll of 1,010 married adults age 25 and older with household incomes of $50,000 or more (Money website). Consider the following example set of responses to the question, "Who is better at getting deals?" Husband Wife Respondent Husband Wife Round your answers to four decimal places, if necessary. a. Develop a joint probability table and use it to answer the following questions. Respondent My spouse We are equal I am I Am 278 290 Who Is Better? My Spouse 127 111 We Are Equal 102 102 Total Total b. Construct the marginal probabilities for Who Is Better (I Am, My Spouse, We Are Equal). Comment. The probability of "I Am" The probability of "My Spouse" The probability of "We Are Equal" - Select your answer - ✓is over twice as likely as either Select your answer - c. Given that the respondent is a husband, what is the probability that he feels he is better at getting deals than his wife? What is the probability that the response came from a wife? d. Given that the respondent is a wife, what is the probability that she feels she is better at getting deals than her husband? e. Given a response "My spouse" is better at getting deals, what is the probability that the response came from a husband? f. Given a response "We are equal," what is the probability that the response came from a husband?
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